Physician Preference Cards: The Key to Hospital Low Inventory Utilization and Waste
NC State SCRC
SEPTEMBER 7, 2019
Almost every hospital or IDN faces significant challenges in managing their operating room inventory, which can be traced to a simple concept: utilization. Utilization is simply a ratio of the $ value of clinical purchases BILLED to patients or insurance, compared to the $ value of total purchases. In most hospitals, this ratio is somewhere in the range of 40-60%. In some, it is as low as 20%.